Nio invests overseas for lithium assets

"Although the element of lithium is not scarce in nature, the process of extraction and refining takes time, leading to a situation where supply lags demand. This situation has some appeal to investors. With investment inflows, supply will pick up and prices might fall. The change is cyclical," Lin said.

Dim outlook for domestic auto component industry

Additionally, the MoIT called for favourable policies to draw more foreign investment into the domestic component industry to nurture its development. However, not all investments should be permitted, only those for home-market-oriented and ASEAN-market-oriented components.

Smooth ride past $450M for H1 bike exports

In 2021, Cambodia exported a total of $630.69 million worth of bicycles, climbing by 20.58 per cent over the $523.04 million booked in 2020, according to the finance ministry.

S’pore EV operator gains Thai foothold in bid to expand

SEV is an authorised distributor of EVs in Singapore, Malaysia, Thailand and Indonesia. It has 45 EV charging points at its Singapore headquarters in Ubi Avenue and a fleet of around 200 BYD e6 electric cars, most of which are leased out to drivers on ride-hailing platforms Gojek and Grab, with expectations of taking delivery of 300 more.